Press Release

JPMFC acted as the joint lead underwriter on RMB 2 billion financial bond offering for Fudian Bank Co., Ltd.

J.P. Morgan First Capital (“JPMFC”) acted as the joint lead underwriter on the recent RMB 2 billion 3-year financial bond issued by Fudian Bank Co., Ltd. (“the Issuer”) and successfully completed the offering on March 20th, 2015. 

The Issuer requested the financial bond to be issued in mid- to late March. In order to accurately price the bond, the DCM team kept in-depth communication with all potential investors, closely monitored market trends, and launched the bond with a reasonable price range. The deal received 1.29 times subscription and was eventually priced at 5.30% which is lower than the peer issuances, and thus received high recognition from the Issuer.

Joint efforts and efficient collaboration of colleagues from different departments and the deal team members guaranteed the smooth progress and successful closing of the deal. This transaction again demonstrated JPMFC’s strong ability in bond execution, pricing and distribution.